Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Solana holds near $85, eyeing key $86 resistance amid steady network use and cautious institutional optimism.

Technical Signals
05 May 2026
Blockonomi
View Source
Neutral
pluang ai news

Solana (SOL) is trading around $84.94 with a 1.32% gain, facing resistance at the 50-day EMA near $86.10, a critical level for a bullish breakout. Despite price stagnation below $100 for 90 days, Solana's network remains strong with over $10 billion in on-chain payment volume in Q1 2026. Institutional sentiment shows cautious optimism as spot ETFs saw $3.28 million inflows, the first positive since late April, and futures data indicates a slight bullish tilt. The key challenge is overcoming technical resistance to confirm a trend reversal, while strong blockchain activity supports a potentially positive outlook if buying interest returns.

More News (SOL)

Ethereum hovers near $2,000 amid uncertainty of crash or bullish reversal.

Ethereum hovers near $2,000 amid uncertainty of crash or bullish reversal.

Ethereum's price is trading just above $2,000 after a steep decline from $2,500, raising concerns about a potential crash below this key level or a bullish reversal. This weakness is part of a broader crypto market pullback, with Bitcoin, Ripple, and...

Market News
Bearish
4 hours ago
Solana nears critical support; a break could trigger a 50% price crash like January's plunge.

Solana nears critical support; a break could trigger a 50% price crash like January's plunge.

Solana's price is hovering just above a key rising channel's lower trendline, a pattern that previously preceded a 54% crash in January. Despite a bullish appearance, declining buying volume and slowing accumulation by long-term holders suggest weake...

Technical Signals
Bearish
6 hours ago
Bitcoin ETFs see $334M outflow, Ethereum ETFs shed $35M amid ongoing crypto fund withdrawals

Bitcoin ETFs see $334M outflow, Ethereum ETFs shed $35M amid ongoing crypto fund withdrawals

On May 26, US spot Bitcoin ETFs experienced a significant outflow of $334 million, equivalent to about 4,400 BTC, continuing a trend of heavy redemptions in mid-to-late May. Ethereum spot ETFs also faced a $35 million net outflow, marking over 10 con...

Market News
Bearish
6 hours ago
David Hoffman explains why he sold Ethereum, citing its shift from monetary asset to network infrastructure.

David Hoffman explains why he sold Ethereum, citing its shift from monetary asset to network infrastructure.

David Hoffman, co-founder of Bankless, revealed he sold his Ethereum (ETH) holdings because the 'ETH is Money' thesis has ended. He remains optimistic about Ethereum's network but believes the ETH token failed to capture enough value as the ecosystem...

Market News
Bearish
6 hours ago
Crypto market selloff deepens as Bitcoin falls to $75K amid ETF outflows and liquidations.

Crypto market selloff deepens as Bitcoin falls to $75K amid ETF outflows and liquidations.

The crypto market continued its decline with total capitalization dropping 1.5% to $2.53 trillion and Bitcoin falling nearly 3% to around $75,000. This selloff is driven by macroeconomic uncertainty, significant outflows from Bitcoin and Ethereum ETF...

Market News
Bearish
7 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App